Wikana makes its move
Investment & financePOLAND Wikana, a Lublin-based company listed on the Warsaw Stock Exchange, has ambitious plans for this year. Its directors are considering the modernisation of a portfolio of properties purchased from Redevco, and are planning to complete a number of retail projects as well as the Wikana Business Park office complex in Lublin. Wikana also wants to launch residential projects in the summer and is to build spa apartments in a joint venture with Uzdrowiska Polskie. The investment costs for all these projects exceed PLN 100 mln.
Healthy investmentFirst of all the company is entering a new business partnering Uzdrowiska Polskie. We have signed a partnership agreement with a company that manages four health-resorts, under which Wikana will be the developer of spa apartments in the grounds of health resorts in Konstancin-Jeziorna, Iwonicz, Kamień Pomorski and Nałęczów. Work on the first project is to start this year on the Nałęczów health resort and involves the construction of 70?80 apartments, comments Tomasz Grodzki, vice-president of the management board of Wikana. The idea is to develop residential apartments that will also offer a package of health treatments. This model might interest, for example, elderly people who would like to live in resorts with health care services. It is also a good investment for people who want to invest in apartments located in holiday resorts. It will also be possible to buy an apartment under the reverse mortgage system,explains Tomasz Grodzki. The companies have agreed
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